Forever Financial Advisors, LLC

02/14/2025

Having a great time at the Advyzon Conference for financial advisors in Tampa, Florida. And the sunshine is a welcome sight!

Great presentations today on the economic outlook for 2025, the political outlook and what it means for tax and retirement planning, best practices in compliance and practice management, and more. Can’t wait to get back to my desk to put new ideas to work!

12/31/2024

The end of one year and the beginning of the next is a time for reflection and for dreaming; for gaining clarity on what is and imagining the possibilities of what could be. It is also a time for recentering on what is most important: living our values. May we live up to mastering the change, making it work for us and making the world a better place - now and into the future. To friends and family around the world, wishing you and yours all the best in 2025.

Happy New Year!

07/31/2024

Industry news today. Please ask yourself why the insurance industry doesn’t want to be forced to give advice that is YOUR best interests. Why would you rely on an “advisor” who helps themselves at your expense? You can have a fiduciary financial advisor today by selecting a fee-only advisor. Find one at www.NAPFA.org.

A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement advisers who are considered fiduciaries, finding the rule was arbitrary and conflicted with a law that governs retirement plans.

10/23/2023

Congratulations to NAPFA on celebrating 40 years of advocating for fee-only financial planning! It was a shock to realize I’ve been a member for 19 of those years, and I’m now one of the elders of the organization 😄. The conference in Louisville, KY was fabulous, with great sessions on timely topics such as AI in financial planning, college planning with the changes to the fafsa, and legacy planning with upcoming tax law revisions. I’m energized for the future!

09/28/2023

Financial therapy exists to help individuals and business owners alike develop a healthy money attitude and build financial confidence.

09/28/2022

This article does a great job explaining the impact of all the financial planning decisions around retirement. Factors such as timing of retirement, when to take social security, health considerations, and family configurations have an enormous impact on the amount one can safely spend in retirement. Retirement planning is about much more than just investment choices.

A lot will depend on your health, how long you work, when you take Social Security and more. Here’s how small adjustments can make a big difference.

05/10/2022

Mental health and financial health are interconnected. After fifteen years as a financial planner, it was clear to me that the reasons people fail to address financial challenges are often rooted in emotions, behaviors, and relationships. As a Certified Financial Therapist, I help people address both.

Finances and emotional wellbeing are closely linked. Trouble with one can cause trouble with the other. Here's why, and ways to keep both in check.

05/06/2021

I'm really enjoying the NAPFA spring conference! It's so hard to put on an engaging virtual conference, but they have outdone themselves this time. I'm absorbing a tsunami of information about cryptocurrency, estate planning, the proposed Biden tax law changes, special needs planning, etc.

It's great seeing all my NAPFA buddies, even on a screen. Looking forward to the fall conference in Boston when we can gather together again!

Did you know NAPFA (the National Association of Personal Financial Advisors) requires more continuing education of its fee-only members than ANY other financial services organization? 60 hours every two years, including two hours of ethics. In New York, it's more than is required for lawyers, nurses, CPAs, teachers, or any other profession. If your advisor isn't a NAPFA member, ask them why!

11/13/2020

A financial planning tip for Coronavirus times.:

A health care proxy is the person you designate to make decisions for you if/when you are unable to do so. A living will is a document that says what kind of care you do or do not wish to have. If you don't have these documents, or they are out of date, consider creating them. An estate planning attorney can assist you, or you can create your own using standard forms such as the NYS pdf document at the link below.

Covid-19 has created new challenges in utilizing these documents. Here are some things to consider:

1) Whether your documents allow for use of a ventilator. Many don't, as the assumption is that this means permanent life support. But short-term use of a ventilator is critical to recovery from Coronavirus.

2) Add language that specifically allows your doctor to communicate with your HCP electronically, through phone, skype, zoom, email, or text. Your HCP may not be allowed to be in the hospital with you.

3) Check that it allows for experimental treatments. Many Coronavirus treatments are brand new and experimental. You wouldn't want to be denied the care you need in these fast changing times.

4) Is the person you've designated as your HCP still an appropriate choice? Is he/she still with us? Still competent? Make sure you have a successor listed in case that person falls ill before you (especially if spouses have appointed each other!)

5) Make sure you and your HCP have copies and keep them handy. Send a copy to your P*P for their files.

10/30/2020

FFA had a great time tonight as a sponsor of the Fairport Black Kids Matter Halloween Trunk-or-Treat event! We honored Nick Fury with an attempt at turning our trunk into the Avengers Tower. A bit wet and windy for cardboard, but fun was had by all. The youngest trick-or-treaters really enjoyed Flirken Kitty!

10/26/2020

Forever Financial Advisors can help turn scary times into secure futures.

"Don't" #1 is the biggest mistake many retirees make